Having promised "whatever it takes" and now doing what many thought was un-possible, Mario Draghi has managed to smash EURUSD back to 14-month lows below 1.30 (without actually buying one bond - just promising) and has sent yields on most European bonds negative to 2Y (and Germany near negative in 4Y).
EURUSD at 14-month lows...
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Perihperal European bond spreads are collapsing...
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and Stocks are surging in Europe...
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As yields on most are negative to 2Y... Italy, Portugal, Spain, and Slovakia 2Y rates are doewn 8-10bps today!!
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Charts: Bloomberg
